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The Money Gift Letter For Mortgage is an essential document in New Zealand's property purchase process, particularly relevant in today's housing market where family assistance is often required for property purchases. This document serves as formal evidence that funds provided towards a property purchase are a genuine gift rather than a loan, which is crucial for mortgage lenders' assessment of borrowers' financial positions. The letter must comply with New Zealand banking regulations, anti-money laundering legislation, and property law requirements. It typically includes detailed information about the gift donor, recipient, amount, property details, and explicit confirmation that no repayment is expected. This documentation is particularly important in New Zealand where banks and financial institutions require clear evidence of fund sources for mortgage applications, and where gifted deposits are a common way for family members to assist with property purchases.

1. Letter Date and Address Block: Formal letter heading including date and recipient details (typically the mortgage lender)

2. Donor Information: Full legal name, address, and contact details of the person(s) giving the gift

3. Recipient Information: Full legal name and address of the person(s) receiving the gift

4. Gift Details: Specific amount being gifted, currency, and timing of the gift

5. Gift Declaration: Clear statement that the money is a gift with no expectation or obligation of repayment

6. Property Details: Address and legal description of the property being purchased with the gifted funds

7. Source of Funds Declaration: Statement explaining the source of the gifted funds for AML/CFT compliance

8. Signatures: Space for donor(s) to sign and date the letter